ETC/BTC Bullish Crab
Updated
After the harmonic pattern has completed at the 1.618 retracement and RSI oversold we are looking for a Type 1 reaction to target 1.
Trade active
My buy stop order was triggered at 0.00278 and looks like we hare having a nice Type 1 reaction here.Entry: 0.0028 BTC
Stop Loss: 0.0026 BTC (Please note I have moved my stop loss up to break even and this is a free trade.
Target:1 0.0036 BTC
Target: 2 0.00416 BTC
I will watch price action and will exit the trade if trend line support is broken.
Trade active
Trade closed: target reached
Target 1 has been reached and 1/2 my position has been closed. According to my trade plan I have moved up my stop loss and will let the other half ride.Trade active
I have decided to abandon this harmonic and go with a Gartley. This one is nice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.